"ETH - looking for a small scalp"

Dec 1, 2024

Ethereum is currently navigating between critical levels, with a notable interaction around the highlighted POC and value area on the chart.

Analysis and Justification:

1. Initial Upside Target - $3689:
• The first orange arrow marks the $3689 level as the immediate target. This is a crucial zone near the point of control (POC) from the previous session, acting as a magnet for price.
• If bullish momentum continues, this area is likely to act as a resistance before any significant breakout or rejection.
2. Downside Move to $3670:
• After reaching $3689, the analysis suggests a potential fallback towards $3670.
• This level aligns with the lower value area and is a probable support zone where buyers may step in. A breach below this level could trigger further downside pressure.

You may long and short but follow the lines :D

Dec 1, 2024

Trade active

as it approaches our tpo, its likely to see if it approaches as stated here

Dec 1, 2024

Note

as we can see onto this charts

Dec 2, 2024

Trade closed: target reached

ACHIEVED!